Cullen Capital Management, LLC

$9.8B reported 13(f) long value · latest quarter 2026-03-31 · CIK 1362535 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $9.8B
ALL retained default holdings for this (filer, period), including NULL-value ones: 213
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 19
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 31

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:14360` · issuer key `iss:1327` ADR	TRIM	+$24.4M	−42,834	$287M	$311M	2,080,796	2,037,962
position key `pos:11944` · issuer key `iss:454` COM	TRIM	−$4.7M	−86,896	$288M	$283M	3,732,436	3,645,540
position key `pos:13599` · issuer key `iss:1035` COM	TRIM	+$32.7M	−44,117	$240M	$273M	1,159,046	1,114,929
position key `pos:14552` · issuer key `iss:711` COM	TRIM	+$50.7M	−193,525	$204M	$254M	1,693,138	1,499,613
position key `pos:13234` · issuer key `iss:230` COM	TRIM	−$32.6M	−5,348	$284M	$252M	5,170,265	5,164,917
position key `pos:15690` · issuer key `iss:610` COM	ADD	+$28.1M	+14,741	$223M	$252M	1,906,717	1,921,458
position key `pos:15168` · issuer key `iss:456` COM	TRIM	−$17.1M	−84,558	$269M	$252M	2,302,748	2,218,190
position key `pos:17751` · issuer key `iss:1214` COM	TRIM	+$8.2M	−217,687	$241M	$249M	2,291,041	2,073,354
position key `pos:18039` · issuer key `iss:1025` COM	TRIM	−$33.4M	−33,191	$271M	$238M	841,839	808,648
position key `pos:11621` · issuer key `iss:1253` COM	TRIM	−$31.2M	−71,362	$267M	$236M	1,504,927	1,433,565
position key `pos:15035` · issuer key `iss:505` COM	TRIM	+$56.4M	−129,654	$179M	$236M	1,915,053	1,785,399
position key `pos:17281` · issuer key `iss:809` COM	TRIM	−$3.0M	−21,992	$234M	$231M	695,181	673,189
position key `pos:13406` · issuer key `iss:2156` COM	ADD	−$11.7M	+135,738	$240M	$228M	2,495,206	2,630,944
position key `pos:10718` · issuer key `iss:1311` COM	TRIM	+$28.0M	−32,736	$197M	$225M	2,460,053	2,427,317
position key `pos:15626` · issuer key `iss:1529` COM	TRIM	+$4.0M	−38,122	$218M	$222M	1,190,191	1,152,069
position key `pos:13619` · issuer key `iss:2145` COM	TRIM	+$14.4M	−38,066	$207M	$221M	1,728,794	1,690,728
position key `pos:11267` · issuer key `iss:2257` COM	TRIM	+$6.9M	−7,696	$213M	$220M	681,729	674,033
position key `pos:15119` · issuer key `iss:489` COM	ADD	+$80.9M	+2,990,457	$124M	$205M	4,159,312	7,149,769
position key `pos:14885` · issuer key `iss:1830` COM	ADD	−$9.1M	+107,776	$214M	$205M	4,347,033	4,454,809
position key `pos:15198` · issuer key `iss:1445` COM	TRIM	+$5.1M	−4,463	$191M	$196M	1,191,567	1,187,104
position key `pos:12652` · issuer key `iss:1914` COM	ADD	+$25.5M	+1,099,949	$160M	$185M	5,688,540	6,788,489
position key `pos:11717` · issuer key `iss:440` COM	ADD	+$48.5M	+5,275	$133M	$181M	870,778	876,053
position key `pos:15100` · issuer key `iss:894` COM	ADD	+$31.9M	+1,743,957	$149M	$181M	9,247,344	10,991,301
position key `pos:16441` · issuer key `iss:16` COM	ADD	+$23.7M	+155	$142M	$166M	5,714,515	5,714,670
position key `pos:17573` · issuer key `iss:815` COM	ADD	+$1.1M	+228,030	$164M	$165M	1,336,590	1,564,620
position key `pos:12827` · issuer key `iss:323` COM	ADD	−$18.7M	+2,288	$184M	$165M	531,398	533,686
position key `pos:10156` · issuer key `iss:1861` COM	ADD	+$52.4M	+541,971	$107M	$160M	1,081,467	1,623,438
position key `pos:15015` · issuer key `iss:92` COM	ADD	+$21.9M	+36,466	$135M	$157M	2,338,076	2,374,542
position key `pos:11556` · issuer key `iss:1854` ADR	ADD	+$7.8M	+460,904	$143M	$151M	2,186,791	2,647,695
position key `pos:17926` · issuer key `iss:212` COM	ADD	+$15.0M	+273,193	$136M	$151M	5,693,693	5,966,886
position key `pos:16172` · issuer key `iss:1141` COM	ADD	−$1.3M	+6,902	$147M	$145M	607,775	614,677
position key `pos:12766` · issuer key `iss:1817` COM	TRIM	−$3.4M	−14,480	$144M	$141M	497,171	482,691
position key `pos:16347` · issuer key `iss:1759` COM	ADD	+$47.0M	+208,802	$90.5M	$137M	925,442	1,134,244
position key `pos:16115` · issuer key `iss:1869` COM	ADD	+$18.0M	+139,842	$110M	$128M	332,894	472,736
position key `pos:17533` · issuer key `iss:1509` COM	ADD	−$32.1M	+34,139	$148M	$116M	863,078	897,217
position key `pos:15545` · issuer key `iss:247` COM	ADD	−$20.8M	+31,384	$135M	$115M	697,777	729,161
position key `pos:11761` · issuer key `iss:605` COM	ADD	+$54.0M	+306,133	$52.8M	$107M	2,257,481	2,563,614
position key `pos:16848` · issuer key `iss:538` COM	ADD	+$1.9M	+122,051	$94.8M	$96.6M	1,066,389	1,188,440
position key `pos:12832` · issuer key `iss:1358` COM	ADD	+$424K	+83,712	$87.3M	$87.7M	1,080,978	1,164,690
position key `pos:14591` · issuer key `iss:18` ADR	TRIM	−$3.3M	−1,595,882	$90.3M	$87.0M	5,607,381	4,011,499
position key `pos:15661` · issuer key `iss:1551` COM	NEW	+$81.7M	+1,105,654	$0	$81.7M	—	1,105,654
position key `pos:13452` · issuer key `iss:320` ADR	ADD	+$3.0M	+8,715	$75.6M	$78.6M	1,334,963	1,343,678
position key `pos:10790` · issuer key `iss:1444` COM	ADD	+$23.4M	+596,176	$52.2M	$75.6M	2,097,331	2,693,507
position key `pos:11825` · issuer key `iss:1225` COM	TRIM	−$23.5M	−1,324	$98.2M	$74.6M	202,963	201,639
position key `pos:15594` · issuer key `iss:574` ADR	ADD	+$15.7M	+314,012	$56.1M	$71.8M	650,211	964,223
position key `pos:12449` · issuer key `iss:621` COM	ADD	+$22.9M	+34,811	$47.6M	$70.5M	452,854	487,665
position key `pos:15008` · issuer key `iss:318` COM	TRIM	+$4.4M	−57,057	$63.5M	$67.9M	1,176,726	1,119,669
position key `pos:16803` · issuer key `iss:1277` ADR	ADD	+$8.3M	+32,229	$58.9M	$67.2M	761,975	794,204
position key `pos:17467` · issuer key `iss:1751` ADR	TRIM	−$7.5M	−46,188	$72.3M	$64.8M	237,805	191,617
position key `sid:sec:prov:54feb8f2a0a7a78d5aa43db032dd571f` · issuer key `cusip6:892331` ADR	ADD	+$13.8M	+76,250	$50.6M	$64.4M	236,355	312,605
position key `pos:16784` · issuer key `iss:2268` COM	ADD	+$25.6M	+171,067	$36.4M	$62.0M	656,608	827,675
position key `pos:12865` · issuer key `iss:1559` ADR	ADD	+$21.4M	+157,996	$39.9M	$61.3M	498,868	656,864
position key `pos:12684` · issuer key `iss:650` COM	ADD	+$9.9M	+58,872	$50.9M	$60.8M	1,063,905	1,122,777
position key `pos:17365` · issuer key `iss:1396` COM	ADD	+$6.0M	+32,219	$52.9M	$58.9M	1,509,426	1,541,645
position key `pos:15364` · issuer key `iss:1443` ADR	ADD	+$31.4M	+539,456	$26.9M	$58.3M	2,271,269	2,810,725
position key `pos:11479` · issuer key `iss:2017` COM	ADD	+$45.2M	+440,957	$13.0M	$58.2M	199,123	640,080
position key `sid:sec:prov:4252b4f3709914f645284b0206172232` · issuer key `cusip6:78468R` COM	ADD	+$51.9M	+565,791	$1.0M	$52.9M	11,271	577,062
position key `pos:11907` · issuer key `iss:2219` COM	ADD	+$13.9M	+321,462	$35.7M	$49.6M	924,448	1,245,910
position key `pos:13876` · issuer key `iss:917` COM	ADD	+$44.7M	+195,452	$3.5M	$48.3M	18,068	213,520
position key `pos:14759` · issuer key `iss:2301` COM	ADD	+$27.2M	+249,715	$19.7M	$47.0M	163,557	413,272
position key `pos:18077` · issuer key `iss:1053` COM	ADD	+$5.0M	+285,549	$41.4M	$46.5M	1,478,726	1,764,275
position key `pos:17030` · issuer key `iss:740` COM	TRIM	−$3.8M	−65,782	$48.5M	$44.7M	2,030,457	1,964,675
position key `pos:15818` · issuer key `iss:1742` COM	TRIM	−$2.4M	−12,474	$45.6M	$43.3M	619,282	606,808
position key `pos:14089` · issuer key `iss:107` COM	ADD	+$646K	+76,240	$42.3M	$42.9M	494,273	570,513
position key `cusip:739239101` · issuer key `cusip6:739239` COM	NEW	+$41.7M	+868,276	$0	$41.7M	—	868,276
position key `pos:15460` · issuer key `iss:472` ADR	TRIM	+$1.2M	−500	$40.1M	$41.3M	423,641	423,141
position key `pos:15267` · issuer key `iss:1395` COM	TRIM	+$1.4M	−2,733	$39.6M	$41.0M	386,150	383,417
position key `pos:10136` · issuer key `iss:990` COM	ADD	−$4.9M	+14,218	$45.8M	$40.9M	154,588	168,806
position key `pos:10935` · issuer key `iss:1902` COM	TRIM	−$11.0M	−456,102	$51.3M	$40.4M	1,260,646	804,544
position key `pos:13363` · issuer key `iss:1393` COM	TRIM	−$16.5M	−78,614	$54.2M	$37.7M	259,784	181,170
position key `pos:14191` · issuer key `iss:1855` COM	TRIM	+$840K	−3,788	$36.0M	$36.8M	155,665	151,877
position key `pos:14412` · issuer key `iss:949` ADR	TRIM	−$18.6M	−456,661	$52.1M	$33.4M	1,747,387	1,290,726
position key `pos:15358` · issuer key `iss:2083` COM	TRIM	−$11.5M	−126,540	$44.5M	$33.1M	491,058	364,518
position key `sid:sec:prov:e6db43a9ec205f13b1f478fae6468b88` · issuer key `cusip6:686330` ADR	NEW	+$32.4M	+1,080,361	$0	$32.4M	—	1,080,361
position key `pos:16839` · issuer key `iss:1330` ADR	ADD	+$1.3M	+244,835	$27.9M	$29.1M	547,520	792,355
position key `pos:10720` · issuer key `iss:1622` ADR	ADD	+$11.1M	+232,524	$17.5M	$28.6M	360,777	593,301
position key `sid:sec:prov:c3e04efb4156dc6f48e0e8e8bb3cba38` · issuer key `cusip6:464286` COM	TRIM	+$1.7M	−42,592	$26.2M	$27.9M	269,232	226,640
position key `pos:14503` · issuer key `iss:1578` ADR	TRIM	−$7.5M	−181,313	$35.3M	$27.8M	480,347	299,034
position key `pos:11286` · issuer key `iss:1016` COM	ADD	+$1.2M	+539	$9.8M	$11.0M	154,975	155,514
position key `sid:sec:prov:38f551ab5502181def314adc4ed06424` · issuer key `cusip6:48241A` ADR	TRIM	+$1.1M	−3,979	$9.5M	$10.6M	110,730	106,751
position key `sid:sec:prov:f4898ccb8e579df8e8aaf3a17517b931` · issuer key `cusip6:15234Q` ADR	ADD	+$5.3M	+403,917	$3.0M	$8.3M	330,217	734,134
position key `pos:15356` · issuer key `iss:1020` ADR	ADD	+$2.5M	+192,807	$4.9M	$7.4M	685,872	878,679
position key `pos:14157` · issuer key `iss:149` COM	TRIM	+$1.3M	−1,242	$5.2M	$6.4M	20,110	18,868
position key `pos:12549` · issuer key `iss:1013` COM	TRIM	−$9.7M	−139,235	$15.6M	$5.8M	217,890	78,655
position key `pos:18233` · issuer key `iss:1043` ADR	ADD	+$5.4M	+251,366	$219K	$5.6M	11,530	262,896
position key `pos:17839` · issuer key `iss:2093` COM	ADD	+$637K	+215	$4.6M	$5.2M	14,304	14,519
position key `pos:13490` · issuer key `iss:1939` COM	TRIM	+$478K	−495	$4.7M	$5.2M	42,019	41,524
position key `pos:13464` · issuer key `iss:303` COM	ADD	+$894K	+1,412	$4.0M	$4.9M	88,811	90,223
position key `pos:11391` · issuer key `iss:1981` COM	ADD	+$539K	+25,188	$4.1M	$4.7M	88,959	114,147
position key `pos:11849` · issuer key `iss:104` COM	TRIM	−$1.9M	−2,497	$6.3M	$4.4M	16,977	14,480
position key `pos:13390` · issuer key `iss:656` COM	ADD	+$1.8M	+75,696	$2.2M	$4.1M	134,221	209,917
position key `pos:15492` · issuer key `iss:355` COM	ADD	+$38.1K	+585	$3.8M	$3.9M	13,912	14,497
position key `pos:13340` · issuer key `iss:666` COM	ADD	+$1.3M	+21,612	$2.5M	$3.8M	78,203	99,815
position key `pos:17095` · issuer key `iss:588` COM	ADD	−$509K	+1,478	$4.3M	$3.8M	37,453	38,931
position key `pos:15445` · issuer key `iss:84` COM	TRIM	−$109K	−456	$3.7M	$3.5M	17,556	17,100
position key `pos:14585` · issuer key `iss:1246` COM	ADD	+$363K	+2,586	$3.0M	$3.4M	56,137	58,723
position key `sid:sec:prov:54fac4d34ecdece00884d22f0bbe8417` · issuer key `cusip6:464286` COM	NEW	+$3.3M	+83,412	$0	$3.3M	—	83,412
position key `pos:10278` · issuer key `iss:171` COM	TRIM	+$654K	−503	$2.4M	$3.1M	21,848	21,345
position key `pos:16072` · issuer key `iss:1370` COM	TRIM	−$1.2M	−1,012	$4.2M	$3.0M	21,445	20,433
position key `pos:14219` · issuer key `iss:2041` COM	TRIM	−$453K	−14	$3.2M	$2.7M	98,191	98,177

Flags: no row carries a flag.

1–20 of the 100 changes on this page

Mark-to-market only (no share change) · 7

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `pos:15193` · issuer key `iss:1500` COM	NO CHANGE	+$5.8K	$719K	$724K	8,948	8,948
position key `pos:16195` · issuer key `iss:1493` COM	NO CHANGE	+$13.2K	$373K	$386K	2,920	2,920
position key `pos:10423` · issuer key `iss:387` COM	NO CHANGE	+$24.7K	$361K	$386K	4,904	4,904
position key `pos:12515` · issuer key `iss:1689` COM	NO CHANGE	+$125K	$219K	$344K	4,516	4,516
position key `pos:13354` · issuer key `iss:367` COM	NO CHANGE	−$35.8K	$377K	$341K	4,745	4,745
position key `pos:15912` · issuer key `iss:56` COM	NO CHANGE	+$9.9K	$212K	$222K	2,950	2,950
position key `pos:12924` · issuer key `iss:687` COM	NO CHANGE	+$5.0K	$211K	$216K	7,120	7,120

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–100 of 201 issuers · $9.8B disclosed value over 213 rows · 0 undisclosed-value rows

View

This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

—

Novartis AG (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$311M

2,037,962

3.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Cisco Systems Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$283M

3,645,540

2.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Johnson & Johnson · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$273M

1,114,929

2.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Exxon Mobil Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$254M

1,499,613

2.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Bank of America Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$252M

5,164,917

2.6%

—

Duke Energy Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$252M

1,921,458

2.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Citigroup Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$252M

2,218,190

2.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Merck & Co. Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$249M

2,073,354

2.6%

—

JP Morgan Chase & Co. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$238M

808,648

2.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Morgan Stanley · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$236M

1,433,565

2.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ConocoPhillips · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$236M

1,785,399

2.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

General Dynamics Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$231M

673,189

2.4%

—

Medtronic PLC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$228M

2,630,944

2.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NextEra Energy Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$225M

2,427,317

2.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RTX Corp · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$222M

1,152,069

2.3%

—

Johnson Controls International · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$221M

1,690,728

2.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Chubb Ltd. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$220M

674,033

2.3%

—

Comcast Corp. (Cl A) · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$205M

7,149,769

2.1%

—

Truist Financial Corp · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$205M

4,454,809

2.1%

—

Philip Morris International In · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$196M

1,187,104

2.0%

—

Vici Properties Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$185M

6,788,489

1.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Chevron Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$181M

876,053

1.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Healthpeak Properties Inc · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$181M

10,991,301

1.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AT&T Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$166M

5,714,670

1.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Genuine Parts Co. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$165M

1,564,620

1.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Broadcom Ltd. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$165M

533,686

1.7%

—

United Parcel Service Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$160M

1,623,438

1.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Altria Group Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$157M

2,374,542

1.6%

—

Unilever PLC (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$151M

2,647,695

1.5%

—

BCE Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$151M

5,966,886

1.5%

—

Lowe's Companies Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$145M

614,677

1.5%

—

The Travelers Companies Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$141M

482,691

1.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Target Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$137M

1,134,244

1.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UnitedHealth Group Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$128M

472,736

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Qualcomm Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$116M

897,217

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Becton Dickinson & Co. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$115M

729,161

1.2%

—

Dow Inc · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$107M

2,563,614

1.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Crown Castle Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$96.6M

1,188,440

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Omnicom Group Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$87.7M

1,164,690

0.9%

—

ASE Technology Holding Company (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$87.0M

4,011,499

0.9%

—

Restaurant Brands Internationa · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$81.7M

1,105,654

0.8%

—

British American Tobacco PLC (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$78.6M

1,343,678

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Pfizer Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$75.6M

2,693,507

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Microsoft Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$74.6M

201,639

0.8%

—

Diageo PLC (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$71.8M

964,223

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EOG Resources Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$70.5M

487,665

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Bristol-Myers Squibb Co. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$67.9M

1,119,669

0.7%

—

National Grid PLC (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$67.2M

794,204

0.7%

—

Taiwan Semiconductor Manufacturing (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$64.8M

191,617

0.7%

—

Toyota Motor Corp. (ADR) · ADR CUSIP 892331307
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$64.4M

312,605

0.7%

—

Millicom Intl Cellular · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$62.0M

827,675

0.6%

—

Rio Tinto PLC (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$61.3M

656,864

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Enbridge Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$60.8M

1,122,777

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PPL Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$58.9M

1,541,645

0.6%

—

Petroleo Brasileiro SA (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$58.3M

2,810,725

0.6%

—

TotalEnergies SE · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$58.2M

640,080

0.6%

—

State Street SPDR Bloomberg 1- · COM CUSIP 78468R663
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$52.9M

577,062

0.5%

—

Smurfit Westrock PLC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$49.6M

1,245,910

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Honeywell International Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$48.3M

213,520

0.5%

—

Copa Holdings SA · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$47.0M

413,272

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Keurig Dr Pepper Inc · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$46.5M

1,764,275

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

First Horizon Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$44.7M

1,964,675

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Sysco Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$43.3M

606,808

0.4%

—

American International Group I · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$42.9M

570,513

0.4%

—

Power Corporation of Canada · COM CUSIP 739239101
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$41.7M

868,276

0.4%

—

Coca-Cola Femsa SAB de CV (ADR · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$41.3M

423,141

0.4%

—

PPG Industries Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$41.0M

383,417

0.4%

—

International Business Machine · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$40.9M

168,806

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Verizon Communications Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$40.4M

804,544

0.4%

—

The PNC Financial Services Gro · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$37.7M

181,170

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Union Pacific Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$36.8M

151,877

0.4%

—

ICICI Bank Ltd. (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$33.4M

1,290,726

0.3%

—

Coca Cola Euro Pacific Partner · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$33.1M

364,518

0.3%

—

ORIX Corp. (ADR) · ADR CUSIP 686330101
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$32.4M

1,080,361

0.3%

—

iShares MSCI South Korea ETF

2 positions · 2 reported rows

Rows Cullen Capital Management, LLC reported for iShares MSCI South Korea ETF, as it reported them
iShares MSCI South Korea ETF · COM CUSIP 464286772 src ↗	$27.9M	226,640
iShares MSCI Chile ETF · COM CUSIP 464286640 src ↗	$3.3M	83,412

ticker not yet mapped

$31.2M

310,052

0.3%

—

Novo Nordisk A/S (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$29.1M

792,355

0.3%

—

Sanofi (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$28.6M

593,301

0.3%

—

Shell PLC (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$27.8M

299,034

0.3%

—

iShares MSCI Taiwan ETF · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$11.0M

155,514

0.1%

—

KB Financial Group Inc. (ADR) · ADR CUSIP 48241A105
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$10.6M

106,751

0.1%

—

Axia Energia ADR · ADR CUSIP 15234Q207
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$8.3M

734,134

0.1%

—

Itau Unibanco Holding SA (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$7.4M

878,679

0.1%

—

State Street Real Estate Selec

8 positions · 8 reported rows

Rows Cullen Capital Management, LLC reported for State Street Real Estate Selec, as it reported them
State Street Real Estate Selec · COM CUSIP 81369Y860 src ↗	$1.8M	43,962
State Street Health Care Selec · COM CUSIP 81369Y209 src ↗	$1.1M	7,380
State Street Consumer Staples · COM CUSIP — src ↗	$959K	11,703
State Street Consumer Discreti · COM CUSIP 81369Y407 src ↗	$814K	7,468
State Street Industrial Select · COM CUSIP 81369Y704 src ↗	$798K	4,935
State Street Technology Select · COM CUSIP — src ↗	$745K	5,606
State Street Communication Ser · COM CUSIP 81369Y852 src ↗	$652K	5,878
State Street Financial Select · COM CUSIP 81369Y605 src ↗	$357K	7,222

ticker not yet mapped

$7.2M

94,154

0.1%

—

iShares MSCI EAFE Value ETF

3 positions · 3 reported rows

Rows Cullen Capital Management, LLC reported for iShares MSCI EAFE Value ETF, as it reported them
iShares MSCI EAFE Value ETF · COM CUSIP — src ↗	$5.8M	78,655
iShares MSCI ACWI ex US ETF · COM CUSIP — src ↗	$945K	13,806
iShares Global Timber & Forest · COM CUSIP — src ↗	$385K	5,430

ticker not yet mapped

$7.2M

97,891

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Applied Materials Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$6.4M

18,868

0.1%

—

KT Corp. (ADR) · ADR CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$5.6M

262,896

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Eaton Corp. PLC · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$5.2M

14,519

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Walmart Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$5.2M

41,524

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BorgWarner Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.9M

90,223

0.1%

—

WisdomTree India Earnings Fund · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$4.7M

114,147

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

American Express Co. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$4.4M

14,480

0.0%

—

Energy Transfer LP · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$4.1M

209,917

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

The Cigna Group · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.9M

14,497

0.0%

—

Enterprise Products Partners L · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.8M

99,815

0.0%

—

The Walt Disney Co. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.8M

38,931

0.0%

—

iShares Russell 1000 Value ETF

3 positions · 3 reported rows

Rows Cullen Capital Management, LLC reported for iShares Russell 1000 Value ETF, as it reported them
iShares Russell 1000 Value ETF · COM CUSIP — src ↗	$2.1M	10,026
iShares MSCI Emerging Markets · COM CUSIP — src ↗	$1.2M	20,700
iShares S&P Latin America 40 E · COM CUSIP — src ↗	$324K	9,108

ticker not yet mapped

$3.6M

39,834

0.0%

—

The Allstate Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.5M

17,100

0.0%

—

Mondelez International Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.4M

58,723

0.0%

—

Arrow Electronics Inc. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

ticker not yet mapped

$3.1M

21,345

0.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

Oracle Corp. · COM CUSIP —
2026-03-31 filed 2026-05-15 +45d

src ↗

$3.0M

20,433

0.0%

1–20 of the 100 issuers on this page

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 58.1%below median 80.0%
Concentration index: 177 bpsbelow median 446 bps
Positions with value: 213 / 213median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 58.1% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 177 · QoQ moves: 244

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open Cullen Capital Management, LLC's 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).